Financial

ClaimTrust Unveils Revenue Cycle Suite

Murfreesboro, Tenn.-based ClaimTrust is launching the InSight Revenue Cycle Solution, a suite of fully hosted, Web-based products designed to target the key inflection points in the hospital revenue cycle.

According to the company, the solution offers all-payer edits down to the fiscal intermediary and plan level, as well as the ability to deduce unbilled charges and generate net new revenue. All of the products in the suite work with InSight Workflow and Claim Editor, a workflow platform providing editing tools and intelligent routing of claims, and InSight Reports, a reporting and analytics module with a range of report and dashboard options, it touts.

New Solution Available for Audit Assistance

Chicago-based Care Communications Inc. has rolled out a RAC software tracking solution, Audit Manager. According to Care Communications, the tool, powered by Northbrook, Ill.-based Cobius Healthcare Solutions, has been approved by the VHA for its member hospitals nationwide to help hospitals and health networks prepare for Centers for Medicare and Medicaid Services RAC audits.

Care Communications claims Audit Manager can help minimize RAC risks and costs by:

• Detecting error patterns to avoid repeating mistakes;

• Minimizing the need for additional staff;

• Ensuring deadlines are met by using work lists and e-mail reminders;

• Allowing authorized users to access documentation, appeals templates and other tools; and

• Providing information in real-time reports.

DocSite PQRI Approved as Qualified CMS Registry

Raleigh, N.C.-based DocSite announced today that its PQRI solution has been selected for the second year by Baltimore-based CMS as an approved Qualified Registry for the 2009 Physician's Quality Reporting Initiative (PQRI) Registry Program.

According to the company, DocSite PQRI provides physicians with a way to qualify for incentive payments up to $4,000 from Medicare. It adds that the PQRI process that used to take an entire year to complete can now be completed in as little as two days with DocSite PQRI.

For selection as a Qualified Registry for 2009, DocSite says it participated in a detailed approval process.

Ingenix Revenue Manager Launches

Eden Prairie, Minn.-based Ingenix has introduced Ingenix Revenue Manager, a suite of new software applications that it says enables hospitals to proactively track, manage and automate revenue cycle functions, improve billing accuracy and reduce claims denials and administrative processes.

These tools can also be combined with Ingenix Consulting services to identify root causes for claims denials, prevent denials from happening, automate appeals and improve profitability.

The company says Ingenix Revenue Manager is comprised of three modules - Denials Prevention, Appeals Automation, and Denials Analytics - that can be applied separately or as a suite to automate, update and monitor billing processes, reduce the number of days claims are delayed in accounts receivable, prevent denials and minimize collections costs.

Greencastle Unveils ARRA Readiness Assessment

Malvern, Pa.-based Greencastle Consulting introduced a new service offering: ARRA readiness assessment.

According to the company, hospital and health system customers can use the new service to assess how ready they are with regards to the variables associated with “meaningful use” of the American Recovery and Reinvestment Act (ARRA), as well as their ability to comply with the HITECH Act.

Greencastle says its four-week readiness assessment evaluates technology certification, clinician adoption of technology, quality data captured by that technology, and HITECH security and privacy factors that contribute directly to the ability to achieve ARRA criteria.